Intel Stock Surges 10% on Apple Chip Partnership Speculation
Intel's shares jumped 10.3% following renewed speculation about a potential collaboration with Apple to manufacture its M-series chips. The stock closed at $40.56, marking its highest level in over a year, a significant rebound from its January low of $20.22. Despite a 60% decline in 2024, Intel has regained momentum under new CEO Lip Bu Tan, achieving profitability in Q3 2025 with a net income of $4.1 billion after a $16.6 billion loss the previous year.
Analyst Ming-Chi Kuo reignited the conversation, suggesting improved visibility for Intel as an advanced-node supplier to Apple. Market sentiment shifted sharply on the news, highlighting the lingering influence of Apple's supply chain decisions on semiconductor valuations. Intel's restructuring efforts, including a 13% workforce reduction, appear to be paying off as investors bet on a return to relevance in cutting-edge chip production.
